AffirmX is a compliance, IT vulnerability and enterprise risk support solution for financial institutions (banks and credit unions). In each of these areas, AffirmX uses our CRISP℠ technology platform to communicate with clients about the exchange of information and review of documents, reports, materials and related items, as well as to run tests and conduct [...]
AffirmX is a cloud-based application that is accessible through a standard web browser. We make every effort to test the application on the most popular browsers – Internet Explorer, Firefox, Chrome, Opera and Safari. Other than a browser there is no software which needs to be installed to run the AffirmX platform. All workpapers (reviews [...]
AffirmX's ongoing services cycle through a full-range of risk assessment services, including the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) review. Based on the risk profile established for your financial institution, a SAFE Act review is scheduled into your annual review calendar and coordinated with your institution's personnel to ensure that it [...]
AffirmX's services are designed to complement your existing compliance team. We have clients with multiple full-time members of their compliance team, and others who have a single compliance officer who wears many other hats as well. AffirmX's services work with your compliance team, in whatever form it takes, to assess the strengths and weaknesses of [...]
AffirmX has access to and can provide a wide array of policy samples for an institution, but does not provide customization services. Institutions seeking guidance on customization of policies to promote enhanced compliance should contact our sister company, AdvisX, and speak with Ken Agle, President, at 1-888-980-1949, ext. 7006, or via email at: ken.agle@NBRisk.com.
Every analyst (the term we use for our reviewers) has access to literally decades of experience. This is because AffirmX does not approach artifact reviews in the same way as most companies. When our analysts sit down to review an artifact, they use review questionnaires that have been carefully designed by our senior personnel who [...]
AffirmX does not have a preferred provider relationship with NAFCU.
The answer is generally no. AffirmX’s platform supports the asynchronous communication we use with our clients to promote efficiency, it uses algorithms to calculate risk and prioritize requests, it presents and supports the dashboard and assessment questionnaires, custodies the file vault and manages data flow. Our compliance experts, many of whom were examiners for regulatory [...]
AffirmX has many solutions offered to banks and credit unions. They are based on the type of service needed, the asset size of the financial institution making the purchase, and, to some degree, the suite of products offered by the financial institution to its customers. For instance, if no mortgages or credit cards are offered, [...]
There are many solutions that support a financial institution’s efforts to remain in compliance. Until the launch of the CRISP℠ Platform from AffirmX, the options fell into three basic categories. The first was simply an online information site like InfoSight. The second was a software tool of some sort like Continuity Control and Comply Track. [...]